With the last week's issuance of the BIR relative to the new invoicing compliance and new VAT returns in relation to the EOPT implementation, we have culled the following areas of concerns that we will attempt to cover in our webinar this week:
How should the VAT filing approach for January 2024 be adjusted to best reflect the invoicing process rather than the collection of service revenue?
How should the treatment of VAT be handled when a portion of the invoiced amount remains outstanding after collection?
How should businesses decide when to remit output VAT for service sales, considering billing versus accrual methods and invoice alignment? What are the VAT implications if revenue is anticipated to be billable in the next month?
What options exist for taxpayers to choose where and how to file their tax returns and make payments?
How should businesses manage the timeline for meeting invoicing requirements, and what considerations exist regarding potential extensions?
What essential details must be included in an invoice to ensure accuracy and compliance? How should businesses handle billing statements that are incomplete or lack essential information?
In service-oriented businesses, what are the considerations regarding the inclusion of "quantity" and "cost per unit" fields in invoices?
What considerations should businesses weigh when deciding whether to modify existing billing invoices to enable eligibility for input tax claims?
How should businesses navigate the transition from cash basis to accrual basis under EOPT when determining the timing for withholding tax deductions?
What are the current recommendations or requirements regarding the issuance and documentation of invoices for non-VAT registered taxpayers?
In this regard, we have organized a 2-Hour Self-Directed Webinar with the topic WHERE ARE WE ON EOPT? A RUNDOWN OF THE RECENT UPDATES ON THE BIR IMPLEMENTATION, to be held this week.
You can choose your preferred date by clicking the registration link below. CHOOSE ONLY ONE!
1ST RUN JUNE 26 [WEDNESDAY] 2-4
2ND REPEAT JUNE 27 [THURSDAY] 4-6
3RD REPEAT JUNE 28[FRIDAY] 2-4
CLICK HERE FOR THE REGISTRATION & PAYMENT DETAILS:
In this 2-hour self-directed webinar, our Speaker Atty. Willie B. Santiago will focus on the most recent changes on the BIR implementation of the Ease of Paying Taxes Law and related updates.
WHO SHOULD ATTEND?
This event is open to CPAs or non-CPAs. We also intend to benefit public practitioners, lawyers, accountants, compliance officers, internal auditors, accounting staff, accounting clerks, government employees, and business owners.
Since this is a Self-Directed Webinar, we will issue a Certificate of Attendance with 1.5 CPD units subject to the approval of the CPD Council.
FEES & HOW TO RESERVE?
Fee is Php 560 (inclusive of 12% VAT) for each webinar participant.
Given the anticipated and usual influx of participants, the organisers intend to cut the registration and payment only for the first 500 registrants and paid attendees for each run.
For other-related inquiries on registration, confirmation, submission of proof of payment, and special request for zoom recording, you may reach our Events Team with the details below:
